A Social Group with Only Two Members Is Called a

question 19

Multiple Choice

A social group with only two members is called a

• A)primary group.
• B)dyad.
• C)triad.
• D)bond.

---

Definitions:

Inventory Costing Method

This involves various approaches to valuing inventory, including FIFO (first-in, first-out), LIFO (last-in, first-out), and weighted average cost methods, affecting the cost of goods sold and ending inventory valuation.

Physical Flow

The movement and processing of physical goods through the supply chain from raw materials to finished products.

Ending Inventory Value

The total value of all unsold inventory remaining at the end of an accounting period.

Average Cost Method

Uses the weighted average unit cost of the goods available for sale for both cost of goods sold and ending inventory.